A key measure of German business optimism rose in April for the seventh month in a row amid lower natural gas prices and the reopening of the Chinese economy after COVID-19 restrictions.
The Munich-based IFO institute’s confidence index went up to 93.6 from 93.2 in March. Analysts said Monday that the move was positive but did not erase the headwinds facing Europe’s largest economy as it struggles to avoid sliding into recession.
